KLP Kapitalforvaltning AS purchased a new stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,400 shares of the company's stock, valued at approximately $1,274,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. lifted its position in shares of Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after buying an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC raised its position in shares of Oshkosh by 2.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock valued at $576,000 after purchasing an additional 146 shares during the period. Private Advisor Group LLC lifted its stake in shares of Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock worth $373,000 after buying an additional 152 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after buying an additional 157 shares during the period. Finally, Manchester Capital Management LLC grew its stake in Oshkosh by 11.1% in the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company's stock valued at $204,000 after buying an additional 214 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on OSK shares. UBS Group upped their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Citigroup lowered their target price on Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Truist Financial upped their price target on Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Bank of America raised their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Finally, KeyCorp upped their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $124.38.
Check Out Our Latest Stock Analysis on OSK
Oshkosh Price Performance
Shares of OSK traded down $8.31 during mid-day trading on Thursday, reaching $87.49. The company had a trading volume of 99,591 shares, compared to its average volume of 734,299. The company's 50-day moving average is $101.71 and its 200-day moving average is $102.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company has a market capitalization of $5.65 billion, a P/E ratio of 8.45, a P/E/G ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a twelve month low of $87.73 and a twelve month high of $127.98.
Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, equities analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.
Oshkosh Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.51 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is 19.71%.
About Oshkosh
(
Free Report)
Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.
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